Original article by Clancy Yeates
The Australian Financial Review – Page: 17 : 15-Sep-15

The Australian Securities & Investments Commission has found no evidence of misconduct by banks that would warrant legal action. The corporate regulator wrote in a submission to an inquiry into the banks’ business customer defaults that it had received 61 complaints about bank behaviour in commercial finance since mid-2010. These complaints constituted less than one per cent of the total complaints received about credit.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BANK OF WESTERN AUSTRALIA LIMITED, HBOS AUSTRALIA LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA